According to CryptoBriefing, Charles Hoskinson , the founder of Cardano, candidly Chia in a livestream that he has lost over $3 billion in the crypto industry, but remains committed to staying in the sector instead of withdrawing.
Responding to suggestions that he "might suffer losses because he's already so rich," Hoskinson strongly refuted them: "If you think I'm doing this for money, you're completely wrong. Even if I lose everything, I won't stop."
Read more: Who is Charles Hoskinson ? Biography of the Cardano founder
Hoskinson emphasized that integrity has been a guiding principle throughout his career in crypto. He stated that he has repeatedly rejected questionable opportunities, thereby avoiding major industry scandals, including the shocking collapses of FTX. According to Hoskinson, not sacrificing core values for short-term profits is what has helped him and Cardano withstand market shocks and confidence fluctuations.
Amidst a still gloomy market, Hoskinson urged the community to remain patient, continue to collaborate, and build: “The market could get worse. But we are doing something meaningful that can change the world.” He expressed optimism about the progress of Cardano’s ecosystem infrastructure and governance, believing that fundamental improvements will create long-term value, regardless of short-term Token price volatility.
Hoskinson also praised like-minded founders, calling them true drivers of crypto popularization, including Vitalik Buterin (co-founder of Ethereum) and Anatoly Yakovenko (co-founder of Solana). Publicly acknowledging the contributions of competitors demonstrates a spirit of cross- chain collaboration and a long-term vision that prioritizes technology and community over short-term competition.
